Comstock Resources Shares Enter Oversold Territory

In trading on Tuesday, shares of Comstock Resources, Inc. (NYSE: CRK) entered into oversold territory, changing hands as low as $20.74 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.